Social Security is, basically, a system in which each generation pays for the previous generation's retirement.
The idea that workers' payroll taxes are placed in a trust fund to pay for their own retirement is a fiction.
They will also be helping to pay for their elders' retirement, through Social Security taxes.
Yet for nearly half a million union members who are expecting the fund to pay for their retirement, those may have been the good old days.
States are solving budget problems by cutting back on the money they set aside to pay for their workers' retirement.
Fat chance of persuading people to save to pay for their retirement when their savings are not likely to be worth anything.
A prosperous economy is the best guarantee that workers in the future will be able to afford paying for their parents' retirement.
No one has dared think about who will pay for their retirement.
The highway cuts demanded by the administration are chump change compared with what will be needed to pay for the baby boomers' retirement.
This job had just paid for his retirement in the Caribbean.